News / Singapore's sovereign wealth fund, Temasek, rescues debt-laden carrier PIL

15/05/2019

Singapore-headquartered ocean carrier PIL received loans via the country’s sovereign wealth fund, Temasek Holdings, last year, according to Alphaliner.

The consultant said the carrier had pledged its shares in the Hong Kong-listed container manufacturer Singamas as collateral; the information revealed in stock exchange disclosures which names ...

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Martyn Benson
May 15, 2019 at 2:48 pm
It seems that the rumours of PIL’s imminent absorption into COSCO were somewhat premature. Good to see that Alphaliner were quick to repair their earlier speculations but it just goes to show how easy it is to add one and one and come up with the wrong result based on hearsay.

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Frederik deCockBuning
May 15, 2019 at 7:40 pm
PIL’s life time is over . artificial funding will not solve , its a pitty but world trade turns around.!

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